Nautic and Co America, a full-service yacht repair company based at the Lauderdale Marine Center in Fort Lauderdale, recently announced that it was purchased in October 2009 by an investment group looking to expand into the marine industry.
The holding company, Nautic Enterprises LLC, consists of six investors from around the country.
"From our perspective, we think that things are on an upswing and it would be a good time to get into the industry," said Harold Markle, managing partner for the project, in a statement. "Our goal is to become the biggest and the best full-service yacht repair company in the area, and we will accomplish that by providing exceptional quality and customer service at a fair price."
Nautic and Co America was founded in 1998 primarily as a sailboat repair company. After moving its headquarters around the area for several years, the company became one of the first tenants at the Lauderdale Marine Center.
Markle and his team hired nine new workers when they purchased the company and Nautic and Co America currently employs 14 craftsmen in several specialty areas.
"It is important to me that our team is well-trained and certified in their area of focus," he said. "I am also very safety conscious and recently had many members of our team complete a 10-hour OSHA scaffold safety course."
Recent projects include the extension of a 50-foot catamaran, a complete interior refit on a 65-foot cat and a paint job on a 120-footer, the company said in a statement.